Trade What You See

Trade What You See

Trading the financial markets is extremely difficult, but with the right approach, you can achieve success.
Nobody knows this better than authors Larry Pesavento and Leslie Jouflas, both traders and educators of traders,
who have consistently used pattern recognition to capture profits from the markets.

In Trade What You See, Pesavento and Jouflas examine a technical approach to trading that will allow you to
identify patterns as they are developing, and discuss how to implement this method to effectively manage your
trades. While some patterns derive from the techniques of Wall Street's earliest traders, other patterns
reflect Pesavento's emphasis on the geometry of market movements and Fibonacci numbers.

Engaging and accessible, this detailed guide uses a variety of stocks and markets - in the numerous chart
examples found throughout these pages - to illustrate how particular patterns form in different markets and
time frames. Once you have a solid foundation in the area of pattern structures, you'll become familiar with
how these patterns are traded and discover the best ways to integrate them into your own trading endeavors.

But the only way to use the information in this book profitably is by understanding each pattern and
following sound trading principles. To help you accomplish this, Pesavento and Jouflas have included
guidelines on developing a trading plan that covers: pattern recognition; thinking in terms of probabilities;
money management; risk assessment; and techniques for entering and exiting trades. Along the way, they
also discuss setting up trading as a business - and preparing for the unexpected - because approaching
this discipline from any other angle would be a big mistake.

Divided into three comprehensive parts, Trade What You See:

Reveals how to identify trending conditions and discusses techniques for entering in the direction of the trend

Presents proven patterns that range from classical technical analysis to the Butterfly, AB=CD, and the Three Drive

Offers in-depth insights on how to use options in conjunction with patterns

And much more

Filled with hard-won knowledge gained through years of market experience, Trade What You See outlines both a
practical and sophisticated approach to trading that will be of interest to both new and seasoned traders alike.

LARRY PESAVENTO is a forty-year veteran trader who has one of the most extensive trading libraries in the
world. He operates a Web site, www.tradingtutor.com, which provides market analysis for subscribers.
Pesavento speaks regularly at trading conferences and is a private trader for a large hedge fund. The pattern
recognition approach he uses eliminates the random nature of market action.

LESLIE JOUFLAS has been trading for over ten years and went professional in 2000. She coaches and tutors
trading students as well as moderates and runs www.tradingliveonline.com. Jouflas also trades privately
managed money as well as her own account.